Hope everyone is looking forward to the coming video and the trading week ahead as I am.
Mr. Pip, this week I have decided to follow your suggestion and switch to the four hour charts and also to set a schedule for my trading and chart analysis, instead of snatching at random blocks of time here and there. I think it will be an adjustment, as trading from the four hour charts will mean the trades take longer to play out and will require more patience, and also I'll have to get used to the stop losses being larger (but of course, so will the tps. . .) but the process should be the same and I'm looking forward to implementing more focus and structure to my trading! Of course I am still using the smallest position size possible while I am learning. I am going to set aside dedicated blocks of time for studying the charts and making trade decisions at 8:00 am, 12:00 pm, 4:00 pm, and 8:00 pm (Central time in the U.S.), and check in at a few other intervals throughout the day and before bed.
Does this seem like a workable plan appropriate to that timeframe? I want to give trading the space it needs while being realistic about what I can do. Sorry if this is a little off topic. I want to make sure I have the basics in place for fully implementing the exciting skills we are learning here.
Mr. Pip, this week I have decided to follow your suggestion and switch to the four hour charts and also to set a schedule for my trading and chart analysis, instead of snatching at random blocks of time here and there. I think it will be an adjustment, as trading from the four hour charts will mean the trades take longer to play out and will require more patience, and also I'll have to get used to the stop losses being larger (but of course, so will the tps. . .) but the process should be the same and I'm looking forward to implementing more focus and structure to my trading! Of course I am still using the smallest position size possible while I am learning. I am going to set aside dedicated blocks of time for studying the charts and making trade decisions at 8:00 am, 12:00 pm, 4:00 pm, and 8:00 pm (Central time in the U.S.), and check in at a few other intervals throughout the day and before bed.
Does this seem like a workable plan appropriate to that timeframe? I want to give trading the space it needs while being realistic about what I can do. Sorry if this is a little off topic. I want to make sure I have the basics in place for fully implementing the exciting skills we are learning here.